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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Dr. David Gleitman who wrote (36960)1/10/2000 5:47:00 PM
From: Eski  Read Replies (1) | Respond to of 41369
 
David,

At least you had enough sense when to know to leave the party. Some will not until they see further declines.
Yes, this does remind me of Dell, it days are over too IMO, and so is AOL. I honestly do believe you'll see high 60's this week on AOL and if we get a market pullback. OUCH.

Best of Luck



To: Dr. David Gleitman who wrote (36960)1/10/2000 6:05:00 PM
From: David E. Taylor  Read Replies (1) | Respond to of 41369
 
David: You're not alone in having a tendency to hold on too long and letting potential profits slip away, but it's easy to make the other mistake and sell too soon. Last year I sold about 80% of my AOL holdings in late March at my "target" of 120-130, only to be dumbfounded when it ran all the way to 175. I never had the conviction or courage to jump back in.

This year when it hit 95 in December I decided to hold and not repeat last year's mistake, figuring it would consolidate in the 85 to 90 range before another unpredictable (timing wise) run up. Wrong again!

I took the middle road today. I almost pulled the trigger when AOL hit 80 at the opening, but like you I figured the huge volume would keep it going. Finally I sold all my AOL at mid day around 75, put half the $$ into ORCL for a hopeful split runup. then put the other half of the $$ back into TWX before the close.

If AOL/TWX sinks a lot, I may load up some more TWX. If AT&T gets into a bidding war with AOL for TWX, I sure won't complain, but I think that's an unlikely scenario given T's current debt load.

Good luck. David T.